$BTC **Latest News About Bitcoin (BTC) as of April 29, 2025:**

1. **Price Movements and Market Trends**

- Bitcoin (BTC) has shown significant bullish momentum, reaching **$95,490.92** on April 28, 2025, a 0.8% increase in 24 hours, with an 8.9% weekly gain and 15.0% monthly rise.

- The price briefly topped **$95,700** due to robust demand from spot BTC ETFs, Strategy’s $1.42 billion purchase, and announcements from 21Shares and Coinbase. However, it’s now trading slightly below **$95,000**, consolidating between **$93,000 and $95,500**.

- Analysts predict BTC could hit **$100,000** soon, driven by technical indicators, on-chain data, and derivatives market signals, with some forecasting **$120,000** by Q2 2025 due to policy uncertainty and ETF inflows.

2. **Institutional and Corporate Activity**:

- **Strategy (formerly MicroStrategy)**, led by Michael Saylor, acquired **6,556 BTC** for **$555.8 million** (April 14–20), bringing its total holdings to **538,200 BTC**, valued at ~**$47 billion**. Since November 2024, Strategy has bought **285,980 BTC**, accounting for 81% of public company purchases.

- Public companies have purchased **425,000 BTC** since November 2024, reducing exchange reserves to a six-year low of **2.6 million BTC**.

- **Metaplanet**, a Japanese firm dubbed “Asia’s MicroStrategy,” holds **5,000 BTC** and aims for **21,000 BTC** by 2026.

- Spot BTC ETF inflows reached **$3.1 billion** over five days, with **$2.4 billion** in a single week, signaling strong institutional demand.

3. **Macro Factors and Market Sentiment**:

- Bitcoin’s rally is fueled by **U.S. policy uncertainty**, including Trump’s tariff proposals and tensions with Federal Reserve Chair Jerome Powell over rate cuts, weakening the U.S. dollar and boosting BTC as a safe-haven asset alongside gold.

- Investors moved **$4 billion** worth of BTC off exchanges since Trump’s rate-cut remarks, indicating reduced selling pressure.

- Bitcoin is decoupling from equities, with a **23% rally** from an April 7 low while the S&P 500 dipped. It’s increasingly correlated with gold, which hit **$3,500**.

4. **On-Chain and Derivatives Insights**:

- **Glassnode** reports BTC investors realized **$139 million in hourly profits** during the recent rally, with **16.7 million BTC** in profit.

- **Binance whales** drove the rally, with **27,750 BTC** withdrawn from Binance on April 25. The Coinbase Premium Gap turned negative, suggesting Binance-led buying.

- Negative funding rates on April 26 indicate bearish sentiment among some derivatives traders, but **$450 million** in short positions were liquidated since April 21, supporting the bullish trend.

5. **Potential Risks and Outlook**:

- Upcoming U.S. economic data (Core PCE, manufacturing, and jobs reports) could create headwinds, potentially leading to